Which Statement Concerning the Accounts Payable Subsidiary Ledger Is Incorrect

question 4

Multiple Choice

Which statement concerning the accounts payable subsidiary ledger is incorrect?

• A)The postings from the purchases journal are to the credit of the individual subsidiary ledger accounts.
• B)The debit entries equal the credit entries.
• C)It keeps track of amounts owing to individual creditors.
• D)None of the above are incorrect, i.e. all are correct statements.

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Definitions:

Cognitive Mechanisms

Mental processes that enable understanding, analysis, decision-making, and learning, influencing how individuals perceive and interact with the world.

Free Will

The concept that humans have the ability to make choices that are not predetermined by past events or natural laws.

Funder's First Law

The psychological principle stating that "Great strengths are usually great weaknesses, and surprisingly often the opposite is true as well," highlighting the complexity of personality traits.

Psychological Triad

Refers to the three components of psychological analysis: thoughts, feelings, and behaviors.